Token Listing
Overview
Real provides a structured and regulated framework for listing digital assets across spot, derivatives, and select yield-based products, subject to jurisdictional approval. The listing program is designed to support high-quality tokens that meet strict standards around compliance, security, market integrity, and operational readiness. Each proposed asset is evaluated holistically, from issuer accountability and token fundamentals to technical compatibility and liquidity preparedness, to ensure a safe, orderly, and transparent trading environment. Listing requirements and timelines may vary by asset type, regulatory scope, and risk profile, with final approval determined through internal review and governance processes
Eligibility Requirements
1) Applicant and Legal Readiness
You must provide:
Legal entity details (registration, ownership structure, jurisdiction)
Authorized signatory + contact info (legal + technical)
Applicable licenses/registrations (if the issuer or operator is regulated)
Proof of authority to list (issuer authorization or verified representation)
Preferred:
Clear token issuer/operator accountability (who can patch, pause, migrate, communicate)
Transparent governance decision-making process (if decentralized)
2) Compliance and Risk Controls
Real evaluates assets against:
Sanctions and AML risk
Market manipulation risk
Consumer protection considerations
Jurisdictional restrictions (who can trade it, where it can be marketed)
You must provide:
Token distribution details (treasury, insider allocations, vesting schedules)
Known high-risk jurisdictions or restricted regions (if any)
Screening info for major counterparties (market makers, foundations, key vendors)
3) Token Fundamentals
Real Exchange expects a token to have:
A clear purpose and utility
Transparent supply mechanics
A credible development roadmap
You must provide:
Whitepaper / docs + official links
Total supply, circulating supply, emissions schedule
Token contract addresses (all chains) and chain selection rationale
Tokenomics summary (allocations + unlock schedule)
Governance model (if applicable)
4) Security Standards
Security is non-negotiable for listing.
You must provide:
Recent third-party audit report(s) (preferred within the last 12 months)
Verification of contract ownership and admin privileges (multi-sig preferred)
Incident history (exploits, pauses, migrations) + remediation summary
Bug bounty details (if available)
Strongly preferred:
Immutable contracts, or clearly documented upgrade paths
Time-locks on admin changes
Multi-sig with reputable signers
Formal verification (where applicable)
5) Market Readiness and Liquidity
Listings must be tradable, not merely “available.”
You must provide:
Market-making plan (named counterparties preferred)
Target liquidity commitments (depth, spreads, uptime goals)
Exchange references (current listings, markets, volumes) if already live
Community and comms channels (X, Telegram/Discord, website)
6) Technical Integration Requirements
Your token must be technically compatible with Real Exchange custody, deposit/withdrawal, and monitoring systems.
You must provide:
Chain + token standard (e.g., ERC-20) and any special transfer logic
Required confirmations, memo/tag usage (if relevant)
Known edge cases (fee-on-transfer, rebasing, blacklists, pausable tokens, etc.)
On-chain metadata (decimals, symbol, name) and block explorer links
Note: Tokens with transfer restrictions, non-standard mechanics, or admin controls may require additional review and can be declined.
Listing Process
Step 1: Application Submission
Submit a listing request with:
Legal entity + authorized contacts
Token details + contract addresses
Audit reports + security disclosures
Liquidity/market-making plan
Marketing/launch preferences (target date, regions)
Output: Confirmation + intake ticket created.
Step 2: Initial Screening (Fast Reject / Fast Track)
Real Exchange reviews:
Obvious compliance red flags
Security posture
Operational readiness
Output:
Proceed to Due Diligence, or
Request More Info, or
Decline (with high-level reason when possible)
Step 3: Due Diligence Review
Deep review across:
Compliance + risk
Tokenomics + distribution
Security + admin controls
Market integrity + manipulation risk
Reputation and incident history
Output: Conditional approval to integrate, or decline.
Step 4: Technical Integration and Testing
Real Exchange will:
Add asset to custody systems (where applicable)
Configure deposits/withdrawals
Set confirmations, limits, and monitoring rules
Run test deposits/withdrawals and wallet health checks
You will:
Confirm addresses and chain details
Support any required contract/metadata verification
Coordinate launch parameters (min deposit, withdrawal fees, etc.)
Output: Asset ready for production launch.
Step 5: Listing Committee Decision
Final go/no-go based on:
Completed diligence
Integration results
Liquidity readiness
Launch risk assessment
Output: Approved listing + launch plan, or hold/decline.
Step 6: Launch Preparation (Go-Live Plan)
Real Exchange coordinates:
Market configuration (pairs, tick size, lot size)
MM readiness checks
Announcement timing
Deposit window opening (optional pre-launch)
Output: Launch date locked + announcement drafted.
Step 7: Listing and Post-Listing Monitoring
After launch, Real Exchange monitors:
Deposit/withdrawal stability
Spread, liquidity, and volatility
Manipulation signals
News and incident alerts
Real Exchange may:
Adjust risk limits
Enable/disable leverage products (if any)
Pause deposits/withdrawals or trading if required for safety/compliance
Listing Timeline
Phase
Typical Duration
Application + Initial Screening
2–5 business days
Due Diligence
1–3 weeks
Technical Integration
1–2 weeks
Launch Prep
2–5 business days
Timelines vary based on responsiveness, chain complexity, and risk profile.
Submission Checklist
Required Documents
Entity registration documents + ownership structure
Authorized representative details
Token overview + official links
Contract addresses + chain details
Audit report(s) + security disclosures
Tokenomics + vesting/unlock schedule
Liquidity plan / market maker details
Incident history + remediation (if applicable)
Required Technical Details
Token standard and decimals
Any transfer hooks or restrictions
Deposit/withdrawal requirements (memos, tags)
Explorer links + verification status
Upgrade/admin model (who controls what)
Reasons for Decline
Inadequate security posture (no audits, unclear admin controls)
High compliance risk or unclear issuer/operator accountability
Material manipulation risk or lack of a credible liquidity plan
Non-standard token behavior that introduces custody/withdrawal risk
Misrepresentation or incomplete disclosures
Post-Listing Expectations
Projects are expected to:
Notify Real Exchange promptly about upgrades, migrations, or incidents
Maintain reliable comms channels for urgent coordination
Avoid supply or contract changes that materially affect holders without advance notice
Support investigations related to market integrity when requested
How to Apply
Send a listing request to the Real listings team with the subject:
“Token Listing Request — [TOKEN SYMBOL]”
Include:
One-pager (project + token summary)
Docs + audit links
Contract addresses (all chains)
Proposed markets (spot pairs / derivatives interest)
Liquidity plan + MM contacts
FAQs
Can we list without an audit?
Rarely. In most cases, a reputable third-party audit (and clear admin controls) is required.
Do you support multi-chain tokens?
Sometimes. Each chain is reviewed independently for security, operational stability, and demand.
Will Real Exchange provide market making?
Typically no. The project should supply or arrange liquidity, though we can coordinate standards and launch requirements.
Can you support a token migration after listing?
Yes, but it requires advance planning, technical validation, and coordinated communications.
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